MasterCard Interchange Fees and Merchant Category Codes
MasterCard sets its interchange fees based on a series of requirements, all of which need to be satisfied for a transaction to qualify for that rate....
Tag: interchange fees
Federal Reserve to Reduce Debit Card Fees to $0.12 per Transaction
The Federal Reserve has proposed a $0.12 cap on debit card transaction interchange fees, about 70% lower than the current average fee of $0.44....
Federal Reserve Sued Over Debit Card Fees
TCF Financial, one of the largest issuers of debit cards in the nation, has filed a lawsuit against the Federal Reserve over debit card fees....
American Express Refuses to Settle, DoJ Files an Antitrust Suit
American Express to fight in court government antitrust charges stemming from its policies prohibiting merchants to steer customers to other cards....
Visa and MasterCard to Settle an Antitrust Probe
Visa and MasterCard are close to settling an antitrust probe over restrictions the two card associations impose on merchants accepting their cards....